Trump Unveils Companies' $500 Million U.S. Drug Packaging Project

President Donald Trump on Thursday announced a $500 million investment that Corning Inc is making with pharmaceutical giants Merck and Pfizer to manufacture a new kind of glass for injectable drug vials.

At a White House event, Trump said the effort will create nearly 1,000 jobs at facilities in New York and New Jersey and at a soon-to-be-determined site in the southeastern United States.

The deal could eventually result in a total investment of $4 billion and create around 4,000 jobs, Trump said, joined by the CEOs of Corning, Merck and Pfizer.